Milan, July 30, 2015 - Today saw completion of the closing for the project financing agreement for €516 million in favour of the company SPV LINE M4 SpA. The deal was coordinated by Salini Impregilo, as the leader of the group of private shareholders made up of Salini Impregilo, Astaldi, AnsaldoBreda, Ansaldo STS, ATM and Sirti.

The closing is a key milestone in the integration of the funding necessary to carry out the project.

The consortium of banks, which includes the largest Italian and European banks who had been involved in the transaction for some time, is made up of: Banca IMI (agent bank), Unicredit, Monte Paschi Siena, BNP Paribas, Natixis, CACIB and Cassa Depositi e Prestiti (which has taken advantage of EIB funding).

The first disbursement will take place on 31st July for an amount of approximately €30 million, while the other payments will follow on the basis of the Business Plan and in accordance with the agreed ratio with payments from the shareholders’ own funds.

The project for the Blue M4 Line, with Salini Impregilo SpA as the agent company for the joint venture (ATI in Italian) contracting authority, involves the construction of a fully automated driverless metro section of 14.2 km to connect Linate airport with the Milano S. Cristoforo railway station, giving a total of 21 stops and 5 interchanges. The M4 will travel at a maximum speed of 80 km/h and will carry 24,000 passengers per hour in each direction, giving a total of 84 million passengers a year.